Breaking News
President Museveni Postpones Awaited 14th National Covid-19 Address
President Yoweri Kaguta Museveni has postponed the awaited Presidential Address on COVID-19, which was slated to happen on Monday May 18, 2020. President Yoweri Museveni had announced that he will address the nation about the country’s fight against the Coronavirus pandemic but due to ungovernable circumstances, the address has been pushed to tomorrow Tuesday May…
Police Kills 3 More Suspects In Gen Katumba Shooting During Friday Morning Raid
Three more suspects in the attempted assassination of works minister Gen Edward Katumba Wamala have been shot dead. According to New Vision, the shooting took place in Kanyogoga, Namuwongo in Makindye Division, Kampala. Vision further reports that the Friday morning operation was led by the Crime Intelligence Director, Christopher Ddamulira. Two SMG guns and a pistol…
LoP Mpuuga Tasks Legislators To Prioritize Constitutional Reforms In 2023
The Opposition in Parliament has said that their focus for the next session of Parliament will be on pushing for constitutional and electoral reforms. Addressing a press conference on Thursday, 15 December 2022, the Leader of the Opposition, Hon. Mathias Mpuuga, alongside other members of the Opposition said that for the past periods, the electoral…
Security Sets Tough Guidelines Ahead of Martyrs Day Due To Terror Alerts
Ugandan security agencies have put up strict conditions at three different venues that pilgrims are expected to gather, among them include Namugongo Catholic Martyrs shrine, Anglican Martyrs Shrine Namugongo and Mamiree. According to the church representatives, millions of people are expected to grace the event from all over of the world. As security, after receiving intelligence…
News
Op-ed: Crane Bank Ruling Will Protect Other Banks From Falling Prey
By Ben Sebuguzi Kampala: Today a new dawn has come, the financial sector has received another good news, as one of their own, Crane bank has been reverted back to it’s shareholders who are Sudhir and Meera investment after a protracted long legal battle that has made the regulator, Bank of Uganda to vomit it.…
Public Debt Soars As Gov’t Seeks to Borrow Shs3.5 Trillion To Finance Budget
The Finance State Minister, Henry Musasizi has asked Members of Parliament to approve up to Shs3.5 trillion to finance the Shs48.1 trillion budget. The first loan request which is up to US$464 million translating to about Shs1.7 trillion, is to be sourced from the Standard Chartered Bank. In documents which now stand referred to Parliament’s…
URA Officers Storms Consolidation Centers, Seizes Smuggled Goods
Uganda Revenue Authority (URA) enforcement team has closed off several consolidation centers in the areas of Pallisa, Butebo for possession of smuggled items. According to Godson Mwesigye, the URA Manager of Enforcement Operations in Mbale, they recovered 50 cartons of wheat flour and 30 bags of rice from Kenya. Mwesigye said that after the discovery,…
BoU, Crane Bank Saga: Supreme Court Confirms Auditor General’s Report Shs 397 Bn Was Swindled By Greedy BoU Officials In Bank Sale
Supreme Court ruling on Bank of Uganda versus Sudhir Ruparelia in Shs 397 billion case confirms Auditor General’s report that BoU officials swindled the cash in CBL sale. The Supreme Court on February 12, 2022 upheld the earlier rulings of the High Court and Court of Appeal that the Bank of Uganda (BoU) must pay…
Great: UIA Scoops $900m Investment Deals In Diplomatic Partnerships
Uganda Investment Authority (UIA), an autonomous body dedicated to promoting and facilitating investment in Uganda, has once again demonstrated its prowess by attracting investors from Egypt, Turkiye, Qatar, Morocco and India During the recently concluded EA Investment Summit, organized alongside NAM, UIA’s top leaders and the Minister of State for Investment, Hon Evelyn Anite, effectively…
Parliament Suspicious Of Continuous BoU Recapitalization
The chairperson of Finance Committee of Parliament Hon. Henry Musasizi is suspicious that the government could be siphoning funds meant for the recapitalization of the Central Bank. He disclosed his suspicions during a meeting between legislators on the Budget Committee, officials from the Ministry of Finance and the National Planning Authority led by Finance Minister,…
